414 E Washington StRound Lake ParkIL60073
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Round Lake Park at 414 E Washington St, Round Lake Park, IL, 60073 priced at $249,999 converts $1,756/mo rent into $22/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,756/mo, and annual cash flow totals $259/yr on $82,875 invested. Return on cash invested prints 20.22% in year one, and rental yield reads 8.43% against a $249,999 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 105.51% and total cumulative return in cash sums $87,442. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,756/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1950
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 60073, Round Lake, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,160 (100%) |
| Owner Occupied HU | 14,941 (74.1%) |
| Renter Occupied HU | 4,561 (22.6%) |
| Vacant Housing Units | 658 ( 3.3%) |
| Median Home Value | $237,289 |
| Average Home Value | $263,973 |
Housing Distribution
Address Breakdown
Residential
19,696
Single Family
18,416
Multi-Family
1,280
Businesses
799
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Listed by: Shirley Rochford • All Exclusive Realty
Mls Name: MRED as distributed by MLS GRID
Mls ID: #12547467